We're Doomed

Or, are we. Changing core systems requires strong understanding of the current enterprise architecture, a vision for the future, and a realistic transition plan to get there. Somewhere in that tangle of systems is the value-adding business logic that must be preserved. ...

... "Citi’s IT honchos have the same problem that Microsoft’s do: everything they do needs to be backwards-compatible with everything that went before" ...

Via Reuters, Felix Salmon: Citigroup’s IT strategy

Operational Efficiency at Citigroup

Citigroup plans to eliminate thousands of positions in effort to streamline operations. Its list of information technology actions can have a significant impact. They seem late to the party with leveraging these efficient IT enablers - regionalized data centers, virtualization to increase capacity utilization, and a standard enterprise architecture. ...

... "Continue to rationalize operational spending on technology. Simplification and standardization of Citi's information technology platform will be critical to increase efficiency and drive lower costs as well as decrease time to market. Examples of this are: consolidation of data centers; improved capacity utilization of technical assets and optimizing global voice and data networks; standardizing how the company develops, deploys and runs applications; and maximizing value by limiting the number of software vendors to operate at scale. " ...

Via Citigroup: Citi Announces Actions to Streamline Organization, Reduce Expense Growth and Drive Future Expansion